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The Fed's interest rate cut decision and monetary policy press conference have just concluded, and Bitcoin plunged sharply at midnight: it dipped straight from a high of 118738 last night to a low of 115700 before stopping the fall, while Ethereum also fell, touching a low of 3677 before a slight rebound. The crypto world is not a fantasy land for getting rich overnight, but a long journey that requires knowledge accumulation, mindset refinement, and strategic planning; only by enduring the bear market can one embrace the glory of the bull run.
Looking at the current market: the four-hour chart shows a clear step-like decline, with bulls repeatedly failing to break through the range, momentum continues to weaken, rebound highs are gradually moving down, and the bears' dominant position is clear.
- After a significant fall in the one-hour cycle, it rebounded with four consecutive bullish candles above the lower band of the Bollinger Bands. However, the MACD double lines are still below the zero axis, indicating that the rebound is merely a correction and not a trend reversal signal. Therefore, the morning operation continues with the high short strategy based on the rebound.
- It is recommended to short Bitcoin around 118,000, with a target of 116,000;
- Ethereum suggests to lay short positions around 3800, with a target of 3650.
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